Tag Archives: Capital Group

Business of War Is Booming as Orders Surge at Top Global Arms Firms

“The order books of the world’s biggest defense companies are near record highs,” a new Financial Times analysis reveals.

By Brett Wilkins. Published 12-28-2023 by Common Dreams

The event, which is held at the ExCeL London exhibition center, is the world’s largest defense and security event. Screenshot: YouTube

Orders at many of the world’s biggest arms companies are “near record highs” due to rising geopolitical tensions in recent years, an analysis published Wednesday by Financial Times revealed.

The London-based newspaper analyzed the order books of the world’s 15 top arms makers and found their combined backlogs were $777.6 billion at the end of 2022—a 10% increase from 2020.

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As Trump Threats Stir Global Arms Race, New Report Details the Nuclear War Profiteers

“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer.”

By Andrea Germanos, staff writer for CommonDreams. Published 3-7-2018

The new report “names those that are still okay with trying to make a profit from producing nuclear weapons.” (Photo: ippnw Deutschland/flickr/cc)

A new report offers a comprehensive look at who’s profiting from the new nuclear arms race.

“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer,” said Beatrice Fihn, executive director of the International Campaign to Abolish Nuclear Weapons (ICAN), winner of the 2017 Nobel Peace Prize.

ICAN, along with Netherlands-based peace group Pax, released the report, entitled “Don’t Bank on the Bomb,” on Wednesday. It shows that 329 financial institutions in 24 countries invested $525 billion into the top 20 companies involved in the production, maintenance, and modernization of nuclear weapons from January 2014 through October 2017. Continue reading

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